On 1 May, the Weisswasser-based, German company, Lausitzer Glaswerke GmbH filed to start bankruptcy proceedings. The Eastern German glass works was sold to two investors in 1993. They have invested DM…
On 1 May, the Weisswasser-based, German company, Lausitzer Glaswerke GmbH filed to start bankruptcy proceedings. The Eastern German glass works was sold to two investors in 1993. They have invested DM 60 million in the company and have blamed Saxony for Lausitzer Glaswerke“s financial problems. The new federal state has invested DM 100 million in Lausitzer Glaswerke but has not been prepared to approve further essential funding.